Check out these corporations making headlines after the market close: Meta Platforms – The social media giant’s shares climbed greater than 4%. Meta Platforms beat revenue and earnings expectations for the last quarter, posting earnings of $5.16 per share on revenue of $39.07 billion. The company also provided strong guidance for the present period. Qualcomm – The chip company gained nearly 6% after beating Wall Street estimates for its fiscal third quarter and providing strong guidance for the present quarter. Qualcomm reported adjusted earnings of $2.33 per share on adjusted revenue of $9.39 billion. For the present period, the corporate expects revenue between $9.5 billion and $10.3 billion. Arm Holdings – The British semiconductor maker’s shares lost greater than 10%. Arm forecast adjusted earnings between 23 cents and 27 cents per share for its fiscal second quarter, in response to LSEG, while analysts had expected 27 cents. The decline got here despite top-scoring revenue and profit numbers in its fiscal first quarter. Teladoc – The telemedicine stock slipped 14% after reporting worse-than-expected second-quarter revenue. Teladoc said it made $642 million, while analysts surveyed by LSEG had forecast $650 million. The company also withdrew its full-year and long-term outlook. Etsy – The e-commerce stock rose lower than 1% on mixed quarterly results. Etsy beat revenue expectations, but adjusted earnings were 4 cents below the LSEG consensus estimate of 45 cents per share. Cheesecake Factory – The restaurant chain gained lower than 1%. Adjusted earnings for the second quarter were $1.09 per share, beating consensus estimates of $1 per share, in response to FactSet. However, revenue fell wanting expectations: Cheesecake Factory reported $904 million, while analysts had expected $909.2 million. eBay – Shares fell about 1%, although the e-commerce platform beat expectations on each revenue and profit within the second quarter. eBay also forecast its third-quarter adjusted earnings could be between $1.15 and $1.20 per share, greater than the $1.13 that analysts expected in a survey conducted by LSEG. Western Digital – Shares of the information storage maker fell 4%. Western Digital gave disappointing revenue guidance for the primary fiscal quarter, starting from $4 billion to $4.2 billion. Analysts surveyed by LSEG had expected $4.2 billion. The company beat revenue and profit within the fourth fiscal quarter. Lam Research – Shares of Lam Research fell greater than 2%. The semiconductor equipment maker beat Wall Street’s revenue and earnings estimates. The company provided earnings per share guidance as part of the present quarter. MGM Resorts – The resort’s stock fell lower than 1% whilst the corporate reported better-than-expected second-quarter results. MGM Resorts reported adjusted earnings of 86 cents per share on revenue of $4.33 billion, beating earnings of 62 cents per share and revenue of $4.22 billion expected by analysts surveyed by LSEG. Kyndryl Holdings – Shares of the IT infrastructure services provider spun off from IBM gained lower than 1% after releasing mixed quarterly results. Kyndryl Holdings reported revenue of $3.74 billion, falling wanting the $3.79 billion expected by analysts surveyed by LSEG. CH Robinson – The logistics company rose greater than 8% after reporting mixed second-quarter results. Adjusted profit beat estimates, while revenue fell wanting the $4.53 billion expected by analysts surveyed by LSEG. – CNBC’s Alex Harring, Lisa Han, Jesse Pound and Darla Mercado contributed to reporting.
